Jan 25, 2013 12:00am PST
president obama has put on the table, on a non-security discretionary budget under this president is to decline from about 4% of national income in 2010 down to below 2% by the end of this decade. 1.7% of national income for jobs, training, education, for all the infrastructure, the environment, climate, technology, and forgetting who government? this is the hard truth, and what is likely to happen is to solidify this, because no one is speaking out for the government. we are talking about protecting entitlements. we are squeezing to nothing. the top do not pay. they have been given every way to get their money out tax-free, and it is trillions of dollars that have been lost in addition to what has been wasted in the censored wars. >> if i can get some quick response, jeffrey sachs was saying a while ago there is a bipartisan consensus that the poor do not matter, so they end up being more invisible. what is troubling for so many of us, you talk about a guy like lyndon johnson who made it very clear he knew he was writing off the south for the next 30 or 40 years by pushing the ki
Jan 24, 2013 6:30pm PST
snis. >> well, you remember bill clinton at the convention said arithmetic. it comes down to arithmetic. we've got this yawning gap between what the government takes in and what it spends. and realistically you've got to pov both ends this is what president obama calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue and you have to cut back spending. >> susie: let's say congress doesn't do that. what happens next? explain to people what happens next. >> i think the real risk is that we come to a showdown in march when the current stopgap budget ends and we face the government shutdown. people will lose services. people will lose jobs. and there will be a fiscal contraction, on top of the ones that we've already put in place. and that's not great for the economy, for sure. >> you know, and this whole conversation about a budget and the deficit and all of that. it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want.